oil & gas assets
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A&D - Devon divests Barnett for $770MM to Thai miner Banpu - December 2019



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Devon Energy announced the final stage of its transformation into what it calls “New Devon” Dec. 18 with the $770 million sale of its remaining Barnett shale assets in North Texas. The buyer is BKV Oil and Gas Capital Partners LP, an investment vehicle of Thailand-based coal mining and power generating company Banpu Pcl set up through its Denver-based affiliate Kalnin Ventures to acquire US natural gas assets. This is BKV’s seventh transaction since......
 
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